https://www.taxtmi.com/caselaws?id=124749 The Tribunal upheld the absolute confiscation of Indian currency amounting to Rs. 51 lakh and assorted foreign currencies under the Customs Act, Sections 113(d) and (h). The penalty of Rs. 5,00,000 imposed on the first appellant was deemed appropriate, being less than 10% of the attempted smuggled amount. The case was remanded for the consideration of redemption of the confiscated currency under Section 125 of the Customs Act within three months. The second appellant was also penalized Rs. 5,00,000 for involvement in arranging currency for smuggling, with the matter disposed of by remand for a fresh order. en-us Thu, 07 Aug 2008 00:00:00 +0530 Fri, 05 Oct 2012 13:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124749 The Tribunal upheld the absolute confiscation of Indian currency amounting to Rs. 51 lakh and assorted foreign currencies under the Customs Act, Sections 113(d) and (h). The penalty of Rs. 5,00,000 imposed on the first appellant was deemed appropriate, being less than 10% of the attempted smuggled amount. The case was remanded for the consideration of redemption of the confiscated currency under Section 125 of the Customs Act within three months. The second appellant was also penalized Rs. 5,00,000 for involvement in arranging currency for smuggling, with the matter disposed of by remand for a fresh order. Case-Laws Customs Thu, 07 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124749